Novak Construction Acquires Retail Property In Chicago For $29.3M

The retail property located at 1471 W Webster Ave in Chicago has been sold in a recent transaction. The property spans 135,000 square feet and was sold for a price of $29,300,000, resulting in a price per square foot of $217. The sale took place on January 11, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $29,300,000
• Square Footage: 135,000
• Address: 1471 W Webster Ave, Chicago
• Market: Chicago

The buyer in this transaction was Novak Construction, while the seller was RPT Realty, represented by Brian Harper. The deal was facilitated by JLL. The sale of this retail property marks a significant transaction in the market, contributing to the ongoing dynamics of the real estate industry in Chicago.